Hedge Fund Investing - Kevin R. Mirabile

Hedge Fund Investing

A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance
Media-Kombination
368 Seiten
2013
John Wiley & Sons Inc
978-1-118-28122-2 (ISBN)
102,82 inkl. MwSt
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The most up-to-date look at how to understand, and invest in, hedge funds A new updated set of end of chapter problems and test bank questions is now available for the first edition. This material now includes a selection of supplemental problems and test bank questions specifically related to portfolio financing tools and techniques . Hedge funds are an essential part of the alternative investing arena, and will continue to be so for the foreseeable future. It's important that those investing, or thinking about investing, with hedge funds know exactly what they are about. That's why Kevin Mirabile a financial professional with over twenty years of business development, regulatory, financing, trading, and sales experience in the hedge fund sector has created Understanding Hedge Fund Investing. Page-by-page, this reliable resource offers valuable insights into one of the most competitive parts of the investment world. Along the way, you'll become familiar with the evolution of hedge funds and their structure as well as discover what types of individuals and institutions invest using hedge funds.
Mirable also takes the time to examine the risks of investing in hedge funds and talks about hedge fund financial statements and taxation. * Provides complete coverage of this important investment vehicle, from its different types of investing strategies and styles to what it takes to be a hedge fund manager * Multiple-choice questions follow each chapter to assess your comprehension of the topics covered * A companion Website contains portfolio models that can be uploaded for use as well as supplementary material that allows you to learn in a hands-on fashion long after closing the book Hedge funds offer investors opportunities that aren't usually found elsewhere. But to benefit from them, you first must understand them. This book has the information you need to succeed at this difficult endeavor.

KEVIN R. MIRABILE has been Chief Operating Officer of Larch Lane Advisors. He has over twenty years of business development, regulatory, financing, trading, and sales experience in the hedge fund sector. Mirabile was previously COO of Orca Asset Management, a principal at Morgan Stanley, president of the Morgan Stanley Trust Company, an executive vice president at Daiwa Securities, and a managing director and operating committee member of Barclays Capital. He is a CPA, a member of the AICPA, the International Association of Financial Engineers, the Greenwich Roundtable's Founders Council, and is a Professor of Finance and Business Economics at Fordham University's Gabelli School of Business. Mirabile received his BS in accounting from SUNY, Albany, and his MS in banking and finance from Boston University.

Preface vii Acknowledgments ix PART ONE Overview 1 CHAPTER 1 The Basics of Hedge Fund Investing 3 CHAPTER 2 Who Invests in Hedge Funds and Why? 37 CHAPTER 3 Industry Trends, Flows, and Characteristics 69 PART TWO Understanding the Strategies 89 CHAPTER 4 Global Macro Investing 91 CHAPTER 5 Long and Short Equity Strategies 115 CHAPTER 6 Fixed Income Relative Value and Credit Arbitrage Strategies 165 CHAPTER 7 Convertible Arbitrage Strategies 193 CHAPTER 8 Multistrategy Funds and Funds of Hedge Funds 211 PART THREE Evaluating Factors Influencing Individual Fund Risk and Reward 231 CHAPTER 9 Measuring Performance and Performance Persistence 233 CHAPTER 10 Impact of Fund Characteristics and Terms on Performance 255 CHAPTER 11 Performing Due Diligence on Specific Managers and Funds 271 CHAPTER 12 Evaluating the Roles of Service Providers 297 Conclusion 327 Glossary 329 Index 337

Reihe/Serie Wiley Finance
Zusatzinfo illustrations
Verlagsort New York
Sprache englisch
Maße 157 x 229 mm
Gewicht 562 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
ISBN-10 1-118-28122-5 / 1118281225
ISBN-13 978-1-118-28122-2 / 9781118281222
Zustand Neuware
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